Page 59 - FY 2026-2027 Adopted Budget Book

Interest & Sinking Fund

Debt Service

This governmental fund is used to account for the accumulation of resources for the payment of general long-
term debt principal, interest, and related costs from the taxes levied by the City. Bonds used by a government
to finance major construction projects, to be paid by tax levies over a period of years, require a debt service
fund to account for their repayment.

Fund Summary

Projected revenues total $8.5M, which represents a 1% increase over the prior year.
Budgeted expenditures are projected to decrease by 0% to $8.4M in FY2027.

$8M

$6M
Amount $4M Revenues
Expenditures

$2M

$0
FY 2024 Actuals FY 2025 Actuals FY 2026 Amended Budget FY 2026 Projection FY 2027 Proposed Budget
Fiscal Year
Data Updated: Sep 15, 2026, 9:54 PM View Report

CALCULATION
FY 2024 FY 2025 FY 2026 Amended FY 2026 FY 2027 Proposed
Actuals Actuals Budget Projection Budget % Change
Revenues
Taxes $7,638,186 $8,195,609 $8,324,654 $8,385,920 $8,385,034 1%
Interest Income $84,190 $77,241 $70,000 $80,290 $79,485 14%
Other Financing Sources $0 $6,293 $0 $0 $0 –
REVENUES TOTAL $7,722,376 $8,279,143 $8,394,654 $8,466,210 $8,464,519 1%
Expenditures
Contractual Services $7,708 $10,202 $12,540 $8,638 $8,390 -33%
Capital Outlay $0 $6,293 $0 $0 $0 –
Debt Service $7,976,555 $8,594,620 $8,412,552 $8,412,329 $8,411,504 0%
EXPENDITURES TOTAL $7,984,264 $8,611,115 $8,425,092 $8,420,967 $8,419,894 0%
Total Revenues less -$261,887 -$331,972 -$30,438 $45,243 $44,625 –
Expenditures

FY 2026-2027 Adopted Budget Book · September 15, 2026 55